ERA Approaches Key Support Zone – What Traders Should Watch
The ERA/USDT pair is once again testing its critical $0.83 support level, trading at $0.8336 after a 3.49% decline in 24h. The chart shows clear weakness, as attempts to push towards $0.8810 resistance have failed multiple times.
Volume analysis reveals that heavy selling occurred near $0.88, pushing the token back into a lower range. The SAR at 0.8699 signals ongoing bearish pressure, while the 7-day loss of 12.69% and 30-day drop of 31.56% confirm ERA is in a correction cycle.
Despite this weakness, $0.83 has so far acted as a solid support. If buyers successfully defend this level, we could see a bounce towards $0.85–$0.863 in the short term. A decisive break above $0.88 would then shift momentum back to the bulls, potentially setting targets at $0.90–$0.95.
On the downside, if $0.83 fails, traders should watch $0.815 as the next demand zone. A breakdown below $0.815 may trigger panic selling, but also present entry opportunities for those with a long-term view.
Key levels to watch:
Support: $0.8312 → $0.815
Resistance: $0.88 → $0.90
Trend: Short-term bearish, long-term potential
Conclusion: ERA is at a crossroads. The current dip may discourage short-term traders, but seasoned investors know that corrections often create the best long-term buying opportunities. Watch volume closely—if buying pressure returns, ERA could stage a recovery rally.
☞ Before trading, always do your own research and verify everything yourself. Never rely blindly—make informed decisions